Is the balance shown on an exchange the same thing as the coins in a wallet?
The advantage of an exchange account is convenience: if you forget your password, you can reset it by verifying your identity. But the security of your assets depends on the platform itself.
When you withdraw coins from an exchange to an on-chain address, the platform actually initiates an on-chain transaction and deducts a network fee.
When I was new to crypto, I thought knowing how to read candlestick charts was enough. It turned out that learning the rules was the real first lesson.
Don’t click unfamiliar links, and check what you’re authorizing before you sign.
$BNB 728.6（+1.14%）
The advantage of an exchange account is convenience: if you forget your password, you can reset it by verifying your identity. But the security of your assets depends on the platform itself.
When you withdraw coins from an exchange to an on-chain address, the platform actually initiates an on-chain transaction and deducts a network fee.
When I was new to crypto, I thought knowing how to read candlestick charts was enough. It turned out that learning the rules was the real first lesson.
Don’t click unfamiliar links, and check what you’re authorizing before you sign.
$BNB 728.6（+1.14%）